American Software, Inc. - AMSWA STOCK NEWS

Logility announced that Sinziana Manitiu Wållgren, Director of Operational Excellence and Strategy at Husqvarna, has been named a recipient of the Rising Star category in the Supply & Demand Chain Executive's 2024 Women in Supply Chain Award. This award recognizes young professionals whose achievements have shaped the supply chain industry.

Wållgren, at 38, has worked in five countries, assuming leadership roles in various companies. She has navigated organizational restructurings, built teams, and thrived during challenging periods in supply chain history. Her goals align with Husqvarna's growth objectives, focusing on implementing supply chain strategy, digitalization, sustainability, and collaboration across industries.

The award highlights the importance of diversity in the supply chain industry, with Wållgren advocating for more women, expats, and diverse capabilities in the profession.

American Software (NASDAQ: AMSWA) reported Q1 FY2025 results with subscription fee growth of 7% and an adjusted EBITDA margin of 18%. Total revenues increased 1% to $26.2 million, with recurring revenue streams accounting for 84% of total revenues. The company maintained its FY2025 guidance, expecting total revenues of $104.0-$108.0 million and adjusted EBITDA of $15.0-$16.4 million.

Key highlights include:

• Subscription fees rose to $14.8 million
• Operating earnings increased 32% to $1.8 million
• GAAP net earnings from continuing operations were $2.1 million or $0.06 per diluted share
• Adjusted EBITDA from continuing operations increased 26% to $4.6 million
• Cash and investments stood at approximately $92.0 million

The company also launched new generative AI capabilities and was recognized as a Leader in Gartner's Magic Quadrant for Supply Chain Planning Solutions.

American Software (NASDAQ: AMSWA) has announced a quarterly dividend of $0.11 per share, as approved by its Board of Directors. This dividend will be paid to Class A Shareholders who are on record at the close of business on November 15, 2024. The payment is scheduled to be distributed on or around November 29, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, which may be viewed positively by investors looking for income-generating stocks in the software sector.

American Software (NASDAQ: AMSWA) has announced the upcoming release of its First Quarter Fiscal Year 2025 preliminary financial results. The company, which operates through its entity Logility, will disclose these results after U.S. financial markets close on Thursday, August 22, 2024. Following the release, American Software will host a conference call at 5:00 pm ET to discuss the results with the investment community.

Investors and interested parties can access a live webcast and replay of the earnings call through the company's investor relations page at www.amsoftware.com/investor-relations. This announcement highlights American Software's commitment to transparency and shareholder communication, providing an opportunity for stakeholders to gain insights into the company's financial performance and future outlook.

Logility, a leader in AI-driven supply chain planning software, announced a partnership with Worldly, a sustainability insights platform, to enhance supply chain transparency and sustainability. The collaboration aims to provide comprehensive ESG data to over 40,000 brands, retailers, and manufacturers. This data will help manage over 3,500 tier one suppliers and over 10,000 lower-tier suppliers globally. The integration allows clients to map critical ESG attributes, ensure due diligence, and meet regulatory requirements. This will enable over 100 clients in the Apparel and Soft Goods industry to better manage their supply chains.

American Software (NASDAQ: AMSWA), a leading provider of AI-driven supply chain planning software, announced its participation in the Sidoti Small Cap Conference. CEO Allan Dow and CFO Vincent Klinges will present virtually on June 12, 2024, at 10:45 am ET. The presentation will be webcast live and archived on the company's website for a time.

American Software (NASDAQ: AMSWA) reported its fiscal year 2024 and Q4 financial results, highlighting an 8% and 10% growth in subscription fees for Q4 and the fiscal year, respectively. The company divested non-core assets and launched new AI-first supply chain solutions. However, total Q4 revenues decreased by 5% to $25.4 million due to declines in license, services, and maintenance fees. Fiscal year 2024 total revenues also fell by 5% to $102.5 million. Adjusted EBITDA for Q4 and fiscal year 2024 dropped by 28% and 18%, respectively. Despite these declines, adjusted net earnings rose by 15% to $17 million. The company projects total revenues of $104-$108 million for fiscal year 2025, with recurring revenues of $87-$89 million. Key clients and technological advancements were also highlighted.

American Software's Board of Directors has declared a quarterly cash dividend of $0.11 per share. The dividend will be payable to shareholders of record as of August 16, 2024, and is scheduled to be disbursed around August 30, 2024. This announcement is reflective of the company's ongoing commitment to delivering shareholder value.

American Software (NASDAQ: AMSWA), a leader in AI-powered supply chain planning software, announced its participation in the 24th Annual B. Riley Securities Institutional Investor Conference.

CEO Allan Dow and CFO Vincent Klinges will attend the event scheduled for May 23, 2024.

The format includes a fireside chat and one-on-one meetings, with Dow participating in the 'AI in Tech and FinTech Space' panel.